Nanaimo has met its provincial housing targets this year, but it didn’t add a single unit of affordable housing. There were 875 units issued occupancy permits issued in the last year in Nanaimo. Just over 100 supportive housing units also came online through the provincial HEART & HEARTH program. The vast majority of new housing in Nanaimo is rental housing, with a relatively balanced mix of one, two, and three or more bedroom units. The vacancy rate has risen in the past few years, currently estimated at 2.9 per cent, approaching the 3 per cent level city staff suggest is needed to help create a healthy rental market. Provincial legislation in 2023 created housing targets for municipalities. City staff presented a report sharing Nanaimo’s progress towards meeting those targets at a council meeting this past Monday. Lisa Brinkman, Manager of Community Planning with the City of Nanaimo, spoke with Midcoast Morning about the year in housing.
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